On this episode of Stock Movers: - Dell Technologies (DELL) boosted its annual outlook and posted quarterly sales and profit that topped analysts’ estimates, driven by strong demand for artificial intelligence servers. The company raised its annual sales projection to about $107 billion and earnings to about $9.55 a share, and said it shipped $8.2 billion worth of AI servers in the fiscal second quarter. Dell's PC business struggled in the quarter, with sales increasing just 1% to $12.5 billion, while revenue from the infrastructure group rose 44% fueled by a 69% jump in servers and networking. The shares gained about 3% in extended trading after closing at $134.05 in New York. The stock has risen 16% this year. - Petco (WOOF) surged as much as 31% after raising its earnings targets for the year as the company’s turnaround starts showing signs of progress. Petco brought in Chief Executive Officer Joel Anderson after reporting its first annual net loss as a public company, tasking him with a mandate to reinvigorate the struggling pet retailer. Thus far, the his efforts have focused on revamping stores — as well as closing underperforming locations — reworking inventory and adding staff alongside investments in high growth areas like animal pharmacies and grooming. - Best Buy (BBY) shares fell as much as 6.6%, the most intraday in nearly three months, after the retailer of consumer electronics and appliances reported second-quarter results and reiterated its 2026 forecast. During the conference call, the company said it expects continued gross profit pressures in the back half of the year, while noting that consumers remain cautious about big-ticket purchases.See omnystudio.com/listener for privacy information.
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Data Dog Rises, Hormel Falls, Bath & Body Works Slumps
- Data Dog (DDOG) rose along with shares of other software companies, following positive results from both MongoDB and Okta. The stock joined the S&P 500 in early July. - Hormel Foods (HRL) falls 13%, the most intraday since 2008, after the maker of Spam and deli meats posted a third quarter profit that missed estimates and cut year guidance.“The steep rise in commodity input costs affecting our industry was the largest contributor to our shortfall,” interim CEO Jeffrey Ettinger said in the release. During the earnings call, Ettinger said the company is taking “targeted” pricing actions. He expects profit recovery to lag into next year, with the near-term pressures persisting through the fourth quarter - Bath & Body Works (BBWI) slumped as much as 10% on Thursday, its worst intraday drop since April 10, after the specialty retailer of body-care products lowered the top end of its sales growth forecast range for the full year. The company also said it expects tariffs to hurt gross profits by roughly $85 millionSee omnystudio.com/listener for privacy information.
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HP Rises, Best Buy Falls, and Dollar General Lifts on Strong Earnings
On this episode of Stock Movers:- HP Inc (HP) rose after the company gave a profit outlook for the current quarter that was in line with expectations, but investors remain concerned about the impact of economic uncertainty and higher costs tied to President Donald Trump’s trade policies.- Best Buy (BBY) shares drop after the company reaffirmed its full-year financial guidance due to the uncertainty of potential tariff impacts on consumers and its business.- Dollar General Corp. (DG) rose after the company reported stronger-than-expected sales and raised its forecast, adding to signals that US shoppers are still willing to spend on items they see as good value.See omnystudio.com/listener for privacy information.
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Nvidia Rises, CrowdStrike Fall, and Best Buy Tumble on Tariff Impact
On this episode of Stock Movers:- Nvidia (NVDA) shares rose after the company gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections.- CrowdStrike (CRWD) shares fell after the company reported strong results but narrowly missed analysts' estimates for sales in the current quarter, with sales for the third quarter expected to be as much as $1.22 billion.- Best Buy (BBY) shares drop after the company reaffirmed its full-year financial guidance due to the uncertainty of potential tariff impacts on consumers and its business.See omnystudio.com/listener for privacy information.
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Nvidia Lower; Snowflake and Burlington Gain
On this episode of Stock Movers:- Nvidia (NVDA) shares are lower this morning after it gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections. The company's leadership rejected the notion that interest in deploying AI infrastructure was flagging, with Chief Executive Officer Jensen Huang saying "the opportunity ahead is immense" and predicting $3 trillion to $4 trillion in AI infrastructure spend by the end of the decade.- Snowflake (SNOW) is gaining after the company gave a strong outlook, overcoming anxiety that software vendors will be hurt as the economy slows and new artificial intelligence companies take away business. The company has worked to develop products that make it easier to use generative AI on data stored in its platform, with newer products outperforming expectations on revenue contribution in the quarter.- Burlington Stores (BURL) is surging after it reported a strong quarter and raised full year guidance. The shares are off on the year, but did boost a new outlook for the third quarter.- Build-A-Bear Workshop (BBW) shares are also higher on an earnings beat as it sis accelerating growth earnings.See omnystudio.com/listener for privacy information.
Stock Movers features five-minute conversations on today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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